◂ Event Timeline

Aug 24, 2017POLICYChina

Malaysia teaming with Indonesia to develop Chinese and Indian biodiesel markets : The Daily Digest

Malaysia is working with Indonesia to build biodiesel markets in China and India, given pressure from EU and US palm oil campaigns. The two countries together account for over 91% of global palm oil exports.

WHY IT MATTERS

Coordinated market development could add palm oil biodiesel demand in China and India, which is supportive for palm oil prices. The report restates talks rather than a finalized deal.

AFFECTSPalm Oil▲

SOURCE
biofuelsdigest.comMeghan SappAug 24, 2017

Price reaction & history

Palm Oil▲bullishSO FAR1d +0.4%5d +0.1%20d +6.0%

After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.

Jun 9, 2020Indonesia pushes biodiesel production costs down 20% : The Daily Digest-1.1%
Mar 12, 2018Indonesian biodiesel production seen jumping to 3.5 million tons this year : The Daily Digest+1.1%
Mar 5, 2020Indonesia’s B30 mandate to use 9.6 billion liters of biodiesel and save $4.5B in fossil fuel imports : The Daily Digest-5.2%
Mar 10, 2025End of cheap palm oil? Malaysia, Indonesia face supply crunch as biodiesel demand surges-1.1%
May 18, 2020Palm-based B30 biodiesel mandate to continue with Indonesian government backing+1.8%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

Palm Oil PALMOIL · GP ▸

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